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The insurance brokerage market is forecasted to grow by USD 117.3 billion during 2024-2029, accelerating at a CAGR of 8.2% during the forecast period. The report on the insurance brokerage market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increased demand for insurance policies, implementation of distinct valuation strategies, and increase in hnwis globally.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
The insurance brokerage market is segmented as below:
By Type
- Non-life insurance
- Life insurance
By End-user
- Individuals
- Corporate
By Channel
- Offline
- Online
By Consumer
- Retail
- Wholesale
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
The report on the insurance brokerage market covers the following areas:
- Insurance Brokerage Market sizing
- Insurance Brokerage Market forecast
- Insurance Brokerage Market industry analysis
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
2 Market Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Type
9 Market Segmentation by End-user
10 Market Segmentation by Channel
11 Market Segmentation by Consumer
12 Customer Landscape
13 Geographic Landscape
14 Drivers, Challenges, and Opportunity/Restraints
15 Competitive Landscape
16 Competitive Analysis
17 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global insurance brokerage market: Acrisure LLC, Alliant Insurance Services Inc., AmWINS Group Inc., Aon plc, Arthur J. Gallagher and Co., Assured Partners Inc., Beacon Insurance Brokers Pvt. Ltd., Brown and Brown Inc., Funk Group GmbH, Hellman and Friedman LLC, India Insure Risk Management and Insurance Broking Services Ltd., Lockton Co., Mahindra and Mahindra Ltd., Marsh and McLennan Co. Inc., Navnit Insurance Broking Pvt. Ltd., NFP Corp., Regent Insurance Brokers Europe GmbH, Truist Financial Corp., USI Insurance Services, and Willis Towers Watson Public Ltd. Co..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is integration of it and analytic solutions in insurance industry."
According to the report, one of the major drivers for this market is the increased demand for insurance policies.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Acrisure LLC
- Alliant Insurance Services Inc.
- AmWINS Group Inc.
- Aon plc
- Arthur J. Gallagher and Co.
- Assured Partners Inc.
- Beacon Insurance Brokers Pvt. Ltd.
- Brown and Brown Inc.
- Funk Group GmbH
- Hellman and Friedman LLC
- India Insure Risk Management and Insurance Broking Services Ltd.
- Lockton Co.
- Mahindra and Mahindra Ltd.
- Marsh and McLennan Co. Inc.
- Navnit Insurance Broking Pvt. Ltd.
- NFP Corp.
- Regent Insurance Brokers Europe GmbH
- Truist Financial Corp.
- USI Insurance Services
- Willis Towers Watson Public Ltd. Co.
